------                       UNITED STATES SECURITIES AND EXCHANGE COMMISSION                         ------------------------------
FORM 4                                   WASHINGTON, D.C. 20549                                                OMB APPROVAL
------                                                                                                ------------------------------
                               STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP                           OMB NUMBER: 3235-0287
[ ] CHECK THIS BOX IF NO                                                                              EXPIRES: DECEMBER 31, 2001
    LONGER SUBJECT TO         Filed pursuant to Section 16(a) of the Securities                       ESTIMATED AVERAGE BURDEN
    SECTION 16. FORM 4            Exchange Act of 1934, Section 17(a) of the                          HOURS PER RESPONSE.........0.5
    OR FORM 5 OBLIGATIONS         Public Utility Holding Company Act of 1935                          ------------------------------
    MAY CONTINUE. SEE              or Section 30(f) of the Investment Company
    INSTRUCTION 1(b).                           Act of 1940

(Print or Type Responses)
                                                                                                       
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 1. Name and Address of Reporting Person*      2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person(s)
    MOSS, JAY                                     KB HOME (KBH)                                 to Issuer (Check all applicable)
--------------------------------------------   ----------------------------------------------        Director          10% Owner
    (Last)        (First)         (Middle)     3. IRS Identification      4. Statement for      ----               ---
    10990 WILSHIRE BOULEVARD, 7TH FLOOR           Number of Reporting        Month/Year          X   Officer (give    Other (specify
--------------------------------------------      Person, if an entity       FEBRUARY 2002      ---- title below)  --- below)
                  (Street)                        (Voluntary)             -------------------
    LOS ANGELES, CA 90024                                                 5. If Amendment,      REGIONAL GENERAL MANAGER
--------------------------------------------                                 Date of Original   ------------------------------------
    (City)        (State)           (Zip)                                    (Month/Year)
                                                                                             7. Individual or Joint/Group Filing
                                                                          -------------------   (Check Applicable Line)
                                                                                                 X    Form filed by One
                                                                                                ----  Reporting Person
                                                                                                      Form filed by More than
                                                                                                ----  One Reporting Person
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                         TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Trans-    4. Securities Acquired (A)  5. Amount of        6. Ownership  7. Nature of
    (Instr. 3)                     action      action       or Disposed of (D)          Securities          Form:         Indirect
                                   Date        Code         (Instr. 3, 4 and 5)         Beneficially        Direct        Beneficial
                                               (Instr. 8)                               Owned at            (D) or        Ownership
                                  (Month/                                               End of Month        Indirect      (Instr. 4)
                                   Day/   ---------------------------------------       (Instr. 3 and 4)    (I)
                                   Year)  Code    V      Amount   (A) or    Price                           (Instr. 4)
                                                                  (D)
------------------------------------------------------------------------------------------------------------------------------------
COMMON STOCK                       01/     A      V      11,177      A                                           D
                                   15/    (1)
                                   02
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COMMON STOCK                       01/     F      V       5,672      D                                           D
                                   15/
                                   02
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COMMON STOCK                       02/     M              8,333      A     $22.440                               D
                                   13/
                                   02
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COMMON STOCK                       02/     S              6,916      D     $40.141                               D
                                   13/
                                   02
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COMMON STOCK                       02/     M             11,667      A     $25.000                               D
                                   13/
                                   02
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COMMON STOCK                       02/     S              9,683      D     $40.141                               D
                                   13/
                                   02
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COMMON STOCK                       02/     M              6,015      A     $33.557                               D
                                   13/
                                   02
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COMMON STOCK                       02/     S              4,992      D     $40.141         20,518                D
                                   13/
                                   02
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Reminder: Report on a separate line for each class of securities beneficially owned             PAGE 1 of 3 PAGES             (Over)
directly or indirectly. *If the form is filed by more than one reporting person,                                     SEC 1474 (3-99)
see Instruction 4(b)(v).

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE
FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.









FORM 4 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

                                                                                                
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of
   (Instr. 3)                Exercise     Date       Code        Securities       Expiration      Securities            Deriv-
                             Price of     (Month/    (Instr.     Acquired (A)     Date            (Instr. 3 and 4)      ative
                             Deriv-       Day/       8)          or Disposed      (Month/Day/                           Secur-
                             ative        Year)                  of (D) (Instr.   Year)                                 ity
                             Security                            3, 4, and 5)                                           (Instr. 5)
                                                                               -----------------------------------
                                                                               Date    Expira-            Amount or
                                                    -------------------------- Exer-   tion       Title   Number of
                                                    Code  V     (A)     (D)    cisable Date               Shares
------------------------------------------------------------------------------------------------------------------------------------
NON-QUALIFIED STOCK          $22.440      02/13/02    M                8,333   12/     12/        COMMON     8,333
OPTION (RIGHT TO BUY)                                (2)                       01/     01/        STOCK
                                                                               98      13
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NON-QUALIFIED STOCK          $25.000      02/13/02    M               11,667   10/     10/        COMMON    11,667
OPTION (RIGHT TO BUY)                                (2)                       13/     13/        STOCK
                                                                               00      15
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NON-QUALIFIED STOCK          $33.557      02/13/02    M                6,015   02/     02/        COMMON     6,015
OPTION (RIGHT TO BUY)                                (2)                       19/     19/        STOCK
                                                                               01      16
------------------------------------------------------------------------------------------------------------------------------------
NON-QUALIFIED STOCK          $40.141      02/13/02    A   V    15,576          02/     02/        COMMON    15,576
OPTION (RIGHT TO BUY)                                (3)                       13/     13/        STOCK
                                                                               01      17
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9. Number of           10. Ownership               11. Nature of
   Derivative              Form of                     Indirect
   Securities              Derivative                  Beneficial
   Beneficially            Security:                   Ownership
   Owned at End            Direct (D)                  (Instr. 4)
   of Month                or Indirect (I)
   (Instr. 4)              (Instr. 4)

--------------------------------------------------------------------------
         0                      D
--------------------------------------------------------------------------
    23,333                      D
--------------------------------------------------------------------------
         0                      D
--------------------------------------------------------------------------
    15,576                      D
--------------------------------------------------------------------------
Explanation of Responses:

SEE CONTINUATION PAGE(S) FOR FOOTNOTES

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.    /s/ KIMBERLY N. KING      March 8, 2002
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                  ------------------------  -------------
                                                                                             **Signature of Reporting       Date
Note: File three copies of this Form, one of which must be manually signed.                    Person
      If space is insufficient, see Instruction 6 for procedure.                             By:  Kimberly N. King, Attorney in Fact
                                                                                             For: Jay Moss

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE     PAGE 2 OF 3 PAGES        Page 2
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB NUMBER.                                       SEC 1474 (3-99)




                                                                                                      
Moss, Jay                                                FB HOME (KBH)                                      Page 3 of 3 pages
10990 Wilshire Boulevard, 7th Floor                      February 2002
Los Angeles, CA 90024



(1)  Payout of common stock under registrant's performance-based, multi-year Unit Performance Program, administered under the
     registrant's 2001 Stock incentive Plan which is exempt under Section 16(b)-3.

(2)  Broker-assisted exercise/sale pursuant to registrant's Executive Stock Ownership Policy which requires reporting person
     to own shares of common stock with a value equal to his annual cash compensation (salary and bonus), and to maintain
     such share ownership throughout his employment. Shares were sold solely to cover tax liability upon exercise and
     exercise price.

(3)  Fair market value replacement options awarded under the 2001 Incentive Stock Plan in accord with registrant's Executive
     Stock Ownership Policy. Number of options awarded is limited to number of shares sold to pay tax liability and exercise
     prices.